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Full Description
Leverage Python source code to revolutionize your short selling strategy and to consistently make profits in bull, bear, and sideways markets
Key Features
Understand techniques such as trend following, mean reversion, position sizing, and risk management in a short-selling context
Implement Python source code to explore and develop your own investment strategy
Test your trading strategies to limit risk and increase profits
Book DescriptionIf you are in the long/short business, learning how to sell short is not a choice. Short selling is the key to raising assets under management. This book will help you demystify and hone the short selling craft, providing Python source code to construct a robust long/short portfolio. It discusses fundamental and advanced trading concepts from the perspective of a veteran short seller.
This book will take you on a journey from an idea ("buy bullish stocks, sell bearish ones") to becoming part of the elite club of long/short hedge fund algorithmic traders. You'll explore key concepts such as trading psychology, trading edge, regime definition, signal processing, position sizing, risk management, and asset allocation, one obstacle at a time. Along the way, you'll will discover simple methods to consistently generate investment ideas, and consider variables that impact returns, volatility, and overall attractiveness of returns.
By the end of this book, you'll not only become familiar with some of the most sophisticated concepts in capital markets, but also have Python source code to construct a long/short product that investors are bound to find attractive.
What you will learn
Develop the mindset required to win the infinite, complex, random game called the stock market
Demystify short selling in order to generate alpa in bull, bear, and sideways markets
Generate ideas consistently on both sides of the portfolio
Implement Python source code to engineer a statistically robust trading edge
Develop superior risk management habits
Build a long/short product that investors will find appealing
Who this book is forThis is a book by a practitioner for practitioners. It is designed to benefit a wide range of people, including long/short market participants, quantitative participants, proprietary traders, commodity trading advisors, retail investors (pro retailers, students, and retail quants), and long-only investors.
At least 2 years of active trading experience, intermediate-level experience of the Python programming language, and basic mathematical literacy (basic statistics and algebra) are expected.
Contents
Table of Contents
The Stock Market Game
10 Classic Myths About Short-Selling
Take a Walk on the Wild Short-Side
Long/Short Methodologies: Absolute and Relative
Regime Definition
The Trading Edge is a Number, and Here is the Formula
Improve Your Trading Edge
Position Sizing: Money is Made in the Money Management Module
Risk is a number
Refining the Investment Universe
The Long/Short Toolbox
Signals and Execution
Portfolio Management System
Appendix
